If the Auditor Determines That Internal Controls Are Not Effective,he

question 60

Multiple Choice

If the auditor determines that internal controls are not effective,he will gather evidence about whether the accounts in the business process are prepared in accordance with applicable financial reporting framework

• A)using substantive testing and control testing
• B)using only substantive testing
• C)using only substantive testing of transactions
• D)using only substantive testing of balances

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Definitions:

Stages

Distinct periods or phases in a process of development or a sequence of events.

Collective Unconscious

A concept in psychology proposed by Carl Jung, referring to the part of the unconscious mind that is derived from ancestral memory and experience and is common to all humankind.

Latent Memory Traces

Subconscious remnants of experiences that have been encoded into long-term memory but are not currently active or retrievable.

Ancestral Past

Refers to events, conditions, or genealogies related to one’s ancestors, influencing genetic traits and cultural or familial inheritances.